Sri Lanka Consolidated Acts

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The Ceylon Association For The Mentally Retarded (Incorporation) Act (No. 10 of 1971) - Sect 19

Funds

8. It shall be lawful for the Corporation from time to time at any general meeting of the members and by a majority of the members present and voting, to make, subject to the provisions of sections 9 and 10, rules for the admission, withdrawal or expulsion of members, for the conduct of the duties of the Executive Committee and of the various officers, agents and servants of the Association, for the procedure to be observed at meetings, for the trans-action of the business of the Association, for the administration and management of the property of the Association, for the determination of the subscription payable by members and the collection of such subscriptions, and otherwise generally for the management of the affairs and the accomplishment of the objects of the Association and such rules may at such a meeting be amended, added to or repealed.
Funds.
8. Funds: -The Association shall accept gifts, grants and donations from any public or private institution or from individuals and shall collect such funds as may be needed for its work.
These together with membership subscriptions shall be in the custody of the Treasurer.
The Executive Committee shall control all these funds.
A Bank Account shall be maintained in the name of the Association.
Any draft or cheque issued by the Association shall be valid only if it bears the signature of the Treasurer and President or Secretary.


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